Salesforce delivered a stronger-than-expected third-quarter performance, reporting revenue of $10.26 billion, up 8.6% year-over-year and in line with consensus estimates. Adjusted earnings per share climbed from $2.41 to $3.25, outperforming the expected $2.86, driven in part by strategic investment gains and prior-year losses. Adjusted operating income expanded from $3.12 billion to $3.63 billion, highlighting improved profitability. The company also reported a 12% increase in remaining performance obligations to $59.5 billion, underscoring a robust backlog. In response to these results, Salesforce raised its full-year revenue guidance to a range of $41.45 billion to $41.55 billion and projected fourth-quarter adjusted EPS of $3.02 to $3.04, matching the consensus estimate. Following the earnings release on December 4, the stock rallied 3.7%, added another 5.3% the next day, and finished the month up 16%.

In its annual holiday survey, Salesforce found that global consumer spending reached a record $1.29 trillion during the recent season, with U.S. consumers contributing $294 billion. Higher average selling prices, up 7% year-over-year globally and 4% in the U.S., helped drive sales growth of 7% worldwide and 4% domestically. The survey also highlighted strong traction for Salesforce’s Agentforce AI platform, with annual recurring revenue from Agentforce and Data 360 climbing 114% to $1.4 billion. The study suggests that retailers leveraging AI agents saw improved customer engagement and higher conversion rates, reinforcing Salesforce’s strategic focus on artificial intelligence as a key growth driver for 2026.